Second Chuan Grove GLS site launched for tender
Justin Quek, Chief Executive Officer of OrangeTee & Tie, mentions that the future projects on the Chuan Grove places might gain from the pent-up demand that is apparent for brand-new homes in the area. Last November, the release of the Kingsford Team’s Chuan Park, located just down the road from the Chuan Grove sites, achieved a strong reaction with 76% of its 916 units snapped up throughout the kick off weekend. The units were sold off at an average rate of close to $2,579 psf.
This is the 2nd GLS location at Chuan Grove to be launched for tender. Last December, a nearby plot under the 2H2024 GLS Programme increased for sale. The tender for the 511,232 sq ft site, which can likely yield 555 property units, will finalize on July 8.
He believes the newly-launched Chuan Grove place can draw in as much as three bidders, with a leading proposal varying from $900 to $1,000 psf per plot ratio (ppr). “In spite of the uncertainties from international tariffs, this site has relatively lower risk, considering the low level of unsold units in the location in addition to islandwide,” he says.
OrangeTee’s Quek anticipates up to 6 prospective buyers for the site, with a top proposal of $1,100 to $1,200 psf. “Considered that there is a large catchment of potential HDB upgraders from the nearby locations of Serangoon, Bishan, and Ang Mo Kio, developers might be tempted to bid for land here,” he describes. Quek includes that the landed residential territories in Serangoon Gardens and Lorong Chuan can also offer a pool of landed homeowners in the vicinity seeking to right-size.
On The Other Hand, Marcus Chu, Chief Executive Officer of ERA Singapore, expects the outcome of the tender for the Chuan Grove site launched last December to factor right into offers for the second plot. “If the first Chuan Grove site observes high demand and offers, we could see demand spillover right into this site,” he states. As it is, he anticipates in between three to 5 bids for the most recent site, with a leading quote of $1,250 to $1,350 psf ppr.
URA has already released the tender for a residential Government Land Sale (GLS) site near Chuan Grove, off Lorong Chuan in District 19. The 99-year leasehold area measures 156,231 sq ft and can produce about 505 units. The area was launched for sale as section of the 1H2025 GLS Programme. The tender is going to shut on Sept 4.
Huttons’ Yip explains that the Chuan Grove spots may also leverage the limited supply of in the market real estate in the wider Outside Central Region (OCR). “Since 1Q2025, the OCR has the most affordable variety of unsold units of 4,361 in the market,” he claims. In contrast, annual sales in the OCR have balanced around 3,000 units in the last five years. This means the present unsold supply can be consumed by the industry in just over a year, Yip estimates.
Caveats lodged with URA since May 13 show that 753 units (82%) at Chuan Park have been offered, keeping just 163 units left. The limited brand-new real estate units might translate to greater demand for future private residential locations, adds Quek.
Schools inside a 1km radius of the location include CHIJ Our Lady of Good Counsel, Presbyterian Primary School, St Gabriel’s Primary School and Yangzheng Primary School. The Australian International School is likewise close by, which may give a pool of potential renters, says Yip.
As the Chuan Grove plots stand right beside each other, they share similar locational attributes, observes Mark Yip, Chief Executive Officer of Huttons Asia. The Chuan Grove site is a five-minute stroll to Lorong Chuan MRT Terminal on the Circle Line, whilst additionally being alongside the NTP+ mall, that provides dining and retail amenities.
